Whales Sell 1.4B XRP in a Month, Signaling Bearish Trend
Since mid-October, XRP whales have offloaded nearly 1.4 billion tokens—worth around $3.38 billion—into the market. Large addresses holding over 1 billion XRP dumped 1.10 billion in a single week. Subsequent sell-offs saw wallets with 100,000 to 10 million XRP unload 70 million coins in 48 hours and an additional 140 million shortly after. Early November saw more distribution: holders of 100 million–1 billion XRP sold 900,000 tokens, and 1 million–10 million holders dumped 500,000. A recent wave added 90 million XRP to exchange reserves, notably on Binance. The spike in circulating supply and growing exchange balances suggest a bearish outlook for XRP. Traders should monitor whale wallet movements, exchange flows and the upcoming spot XRP ETF decision, which could trigger further volatility.
Bearish
The large-scale XRP sell-off by whales has increased circulating supply and exchange reserves, traditionally leading to downward price pressure. Historical precedent shows that whale dumps—such as in Bitcoin—often prompt panic selling among retail investors, amplifying declines. With nearly $3.38 billion of XRP dumped in under a month, market depth may be insufficient to absorb further sales without significant price drops. In the short term, traders should expect continued volatility and potential further declines. However, the upcoming spot XRP ETF decision could offer a catalyst for demand if approved, potentially stabilizing or reversing the trend in the long term.